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Thursday, 18.04.2024, 10:17
One of the potential Citadele investors – former U.S. Federal Reserve Chairman
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Latvian officials has refrained from commenting on this information. Prime Minister Laimdota Straujuma's press secretary told LETA that she is not making any statements on this matter at the moment, and the deal will remain confidential for now.
The 87-year-old Volcker served as the U.S. Federal Reserve chief during the Jimmy Carter and Ronald Reagan administrations from 1979 to 1987.
He also served as an economic advisor to the Barack Obama administration from 2009 to 2011.
As reported, the Latvian government has accepted the U.S. fund Ripplewood Holdings offer for the acquisition of Citadele. It stipulates that Ripplewood Holdings will acquire 25% of Citadele shares, while 50% will be acquired by currently undisclosed investors, and 25% by the European Bank for Reconstruction and Development.
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